Nonprofit · EIN 47-1008477
GOLETA ENTREPRENEURIAL MAGNET
Tax-exempt · GOLETA, CA 93117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | $12,415 | -$12,415 | $159,027 | – | $159,027 |
| December 31, 2023 | 990-EZ | $55,000 | $65,027 | -$10,027 | $171,442 | – | $171,442 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Grants and similar amounts paid
- $8,750
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $475
- Other expenses
- $3,190
- Program services (functional)
- $8,750
Balance sheet and other
- Total assets, start of year
- $171,442
- Total assets, end of year
- $159,027
- Total liabilities, end of year
- –
- Net assets, end of year
- $159,027
- Cash, savings and investments
- $144,175
- Land and buildings
- $14,852
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE ADORNETTO | Chairman | 2 | $0 |
| JAIME VALDEZ | Treasurer | 2 | $0 |
| RYAN KINTZ | Chairman | 2 | $0 |
| EMILY COTTER | DIRECTOR | 2 | $0 |
| TAL MARGALITH | DIRECTOR | 2 | $0 |
| SHANNON KIRN | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE ADORNETTO | Director | 2 | $0 |
| JAIME VALDEZ | Treasurer | 2 | $0 |
| RYAN KINTZ | Chairman | 2 | $0 |
| EMILY COTTER | DIRECTOR | 2 | $0 |
| TAL MARGALITH | DIRECTOR | 2 | $0 |
| SHANNA DAWSON | Secretary | 2 | $0 |
| SHANNON KIRN | Secretary | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 130 CREMONA DR STE B, GOLETA, CA 93117-5514
- Signed the 990-EZ
- JAIME VALDEZ, Treasurer
- Phone
- (805) 961-7555
- Return prepared by
- Walpole Advisors
California records
California keeps its own records of charities and corporations. Search them by EIN 47-1008477 or by the name GOLETA ENTREPRENEURIAL MAGNET.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To grow the local economy by supporting new and emerging science and technology entrepreneurs.
Program accomplishments
- Monthly workshops aimed towards Startups; Summer Accelerator program that provides funding and mentorship for UCSB startups; and Incubator program to support local entrepreneurs.Expenses $8,750 · grants $8,750
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-1008477
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $159,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | $12,415 | $159,027 | XML |
| 990-EZ | December 2023 | $55,000 | $65,027 | $171,442 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1008477).
Questions about GOLETA ENTREPRENEURIAL MAGNET
- What is the EIN of GOLETA ENTREPRENEURIAL MAGNET?
- The employer identification number (EIN) of GOLETA ENTREPRENEURIAL MAGNET is 47-1008477.
- Is GOLETA ENTREPRENEURIAL MAGNET tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GOLETA ENTREPRENEURIAL MAGNET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOLETA ENTREPRENEURIAL MAGNET file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GOLETA ENTREPRENEURIAL MAGNET due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOLETA ENTREPRENEURIAL MAGNET last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of GOLETA ENTREPRENEURIAL MAGNET?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GOLETA ENTREPRENEURIAL MAGNET have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0, expenses of $12,415 and total assets of $159,027 at year end.
Other nonprofits in GOLETA
- FIESTA CITY DECORATIVE PAINTERS EIN 77-0403128 · last filed 990-N for 2025
- VITAMIN ANGEL ALLIANCE INC EIN 77-0485881 · last filed 990 for 2025
- FOODBANK OF SANTA BARBARA COUNTY EIN 77-0169214 · last filed 990 for 2025
- FRIENDSHIP MANOR EIN 95-2830618 · last filed 990 for 2025
- ISLA VISTA YOUTH PROJECT INC EIN 95-3007419 · last filed 990 for 2025
- MONTESSORI CENTER SCHOOL AT SANTA BARBARA & STUDENTS INC EIN 95-2774847 · last filed 990 for 2025
- LAS CUMBRES OBSERVATORY GLOBAL TELESCOPE NETWORK INC EIN 77-0361278 · last filed 990-PF for 2024
- EASY LIFT TRANSPORTATION INC EIN 95-3642272 · last filed 990 for 2025
All nonprofits in GOLETA · California · Community improvement and capacity building